Googled definition of small cap and this article popped out. I must admit $2b is not 'small' in ASX but still it's within the definition according to this article. I shall be more careful with my use of words :)

Bellamy's share price got murdered on Friday - down by 50% in one day ! They produce milk products mainly for export to China. It's not a small cap either. Similar fate for companies who focus on China. Australian economy is not looking very bright.

Mike D: BAL is a small cap. Less than 2Bil.I agree Australia's economy is a joke. Just patiently waiting for a crash...

One of the funniest yet profound statements I ever heard was from the mouth of an optionetics speaker - 'Beware of the risk involved in options trading because you will eat like a bird and crap like an elephant' In hindsight it's so true..

If anyone's interested in having a go at trading VIX options, here is a useful info. Black Friday this week means the US markets will be closed for 4 days, and if VIX gets to low 12 or even 11 by Thursday, then go long vol. it's very high probability trade.

No one can be sure of what future holds but what's happening now in the markets has an eerie resemblence to Brexit. A huge spike in Volatility was followed by even bigger vol crush that saw the VIX end up in low 10's. I think that's what will happen in December.

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Alan K: 13/14 Dec put spread

Alan K: I plan to hold till close to expiration if I can buy back the short legs at a decent price. If I can't then I will be happy exit at 30-40% profit. VIX option price doesn't align very well to the Greeks so I will only know when the VIX futures hit my target price.